CBA says the near-term risk for AUD/USD is lower
Hi there.
CBA have an end-March projection for AUD/USD at 0.7600.
Says there is a near-term risk that AUD moves nearer to that forecast.
Citing: "bond rout sending AUD lower".
In the medium term though fundamentals of high commodity prices will eventually push it higher.
Forecast further ahead: end Q3 projection is 0.8300, will be AUD peak
CBA have an end-March projection for AUD/USD at 0.7600.
Says there is a near-term risk that AUD moves nearer to that forecast.
Citing: "bond rout sending AUD lower".
In the medium term though fundamentals of high commodity prices will eventually push it higher.
Forecast further ahead: end Q3 projection is 0.8300, will be AUD peak